Super Micro Computer Inc (SMCI)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 732,378 | 612,577 | 639,998 | 587,251 | 578,377 | 444,142 | 285,163 | 183,503 | 124,959 | 110,701 | 111,865 | 91,153 | 88,532 | 84,564 | 84,308 | 89,568 | 84,407 | 78,921 | 71,918 | 61,463 |
| Total stockholders’ equity | US$ in thousands | 3,076,910 | 2,165,380 | 1,972,000 | 1,768,410 | 1,818,680 | 1,625,040 | 1,425,580 | 1,273,740 | 1,186,670 | 1,132,620 | 1,096,220 | 1,053,780 | 1,064,050 | 1,072,570 | 1,065,540 | 1,038,230 | 1,001,390 | 971,694 | 941,015 | 912,998 |
| ROE | 23.80% | 28.29% | 32.45% | 33.21% | 31.80% | 27.33% | 20.00% | 14.41% | 10.53% | 9.77% | 10.20% | 8.65% | 8.32% | 7.88% | 7.91% | 8.63% | 8.43% | 8.12% | 7.64% | 6.73% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $732,378K ÷ $3,076,910K
= 23.80%
From Q3 2022 to Q2 2024, Super Micro Computer Inc's return on equity (ROE) has shown a generally positive trend, increasing from 14.41% to 23.80%. This upward trend indicates that the company has been effectively generating profits from the shareholders' equity over this period.
The company's ROE peaked at 33.21% in Q3 2023, demonstrating a strong performance in utilizing equity to generate returns. However, there was a slight decrease in Q4 2023, but the ROE remained relatively high at 32.45%.
In the most recent quarter, Q2 2024, the ROE decreased to 23.80%, indicating a potential dip in efficiency in generating profits from the shareholders' equity compared to the previous quarter.
Overall, Super Micro Computer Inc has shown a consistent ability to generate returns on equity above 20% over the past few quarters, indicating strong financial performance and efficient utilization of shareholders' funds. Investors and stakeholders may view this positively as it signifies the company's ability to generate profits relative to the amount of equity invested in the business.
Peer comparison
Dec 31, 2023
See also:
Super Micro Computer Inc Return on Equity (ROE) (Quarterly Data)